Elemental Royalty Reports Record Quarterly Gold Equivalent Ounces
The company delivered record quarterly gold equivalent ounces of 5,248 for the period ended June 30, 2026
Elemental Royalty Corporation (ELE), the royalty and streaming company, reported revenue of US$23.8 million for the three months ended June 30, 2026. This result represented the second highest quarterly revenue in the company's history and a 127% increase over the revenue plus attributable share of Caserones recorded in the second quarter of 2025.
Production metrics reached new highs during the period. The company delivered record quarterly gold equivalent ounces (GEOs) of 5,248, up from 3,184 GEOs in the second quarter of 2025. For the first half of 2026, GEOs reached a record 10,231, compared to 7,790 GEOs in the first half of 2025. These results were supported by contributions from assets including Karlawinda, Bonikro, Caserones, Timok, and Leeville.
Cash flow and earnings followed a similar upward trajectory. Adjusted EBITDA for the quarter was US$17.4 million, a 99% increase over the adjusted EBITDA reported in the second quarter of 2025. Operating cash flow reached a record US$15.5 million, which was 8% higher than the adjusted operating cash flow in the comparative period. Net income for the quarter was US$3.6 million, compared to US$160,000 in the second quarter of 2025.
As of June 30, 2026, the company held US$74.2 million in cash and cash equivalents. The company used its financial position to return value to shareholders through quarterly dividends and share repurchases under a normal course issuer bid.
Elemental announced a proposed acquisition of Vizsla Royalties as part of its growth strategy. The company said this move will enhance the scale and quality of its portfolio.
Elemental remains on track to meet its 2026 guidance of 17,000 to 21,000 GEOs. The company's 2026 revenue guidance ranges from US$76.5 million to US$94.5 million. This outlook assumes a commodity price of US$4,500 per ounce for gold and US$5.50 per pound for copper.